Notes to Fina - 星島新聞集團

Notes to Fina
Notes to Financial Statements
31 December 2002
38. CONTINGENT LIABILITIES
38.
Group
Company
2002 2001 2002 2001
Notes HK$’000 HK$’000 HK$’000 HK$’000
Guarantees for banking
facilities granted to
subsidiaries (a) — — 68,650 31,450
Guarantees for banking
facilities granted to a
jointly-controlled entity (b) 15,000 — — —
Several guarantees for
banking facilities
granted to a jointly-
controlled entity (c) 63,471 49,408 — —
Other guarantees (d) — 110,000 — —
78,471 159,408 68,650 31,450
Notes:
(a)
At 31 December 2002, the Company had outstanding
(a)
corporate guarantees of approximately HK$68,650,000
(2001: HK$31,450,000) issued in favour of banks to
68,650,000
secure general banking facilities granted to its
31,450,000
subsidiaries. These subsidiaries had not utilised any of
the facilities as at 31 December 2002 (2001: Nil).
(b)
At 31 December 2002, the Group had outstanding
(b)
corporate guarantees of approximately HK$15,000,000
(2001: Nil) issued in favour of a bank to secure general
15,000,000
banking facilities granted to a jointly-controlled entity.
The facilities were also secured by certain of the
18,717,000
Group’s cash deposits amounting to
2,400,000
HK$18,717,000(US$2,400,000). The jointly-controlled
entity had fully utilised the facilities as at 31 December
2002.
154
Global China Group Holdings Limited Annual Report 2002